Project Profile

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Value: unknown
Location: Magdalena Basin, Colombia
Area: 4,300 acres
Reserves: Unknown
Production: 1 million barrels of oil to date
Depth: 4,000-7,000 feet
Start-up Year: 1962

The Aguas Blancas oil field is located in the Middle Magdalena Basin immediately south of the La Cira-Infantas oil field which has produced approximately 850 million barrels of oil to date. Aguas Blancas was discovered in 1962 and was initially appraised with five wells in the period between 1962 and 1964. No wells have since been drilled. Cumulative oil production from the field is approximately 1 million barrels of light oil (28-33 API). The main producing horizon is the Mugrosa \'C\' Formation at depths of 4,000-7,000 feet. Gross reservoir interval thicknesses in the Mugrosa \'C\' range from 300-500 feet with up to 150 feet of net oil pay.

In 2011 a 3D seismic survey was acquired in anticipation of the field\'s development, however, no wells were drilled on it. The 3D survey indicates that the existing Aguas Blancas field is approximately 4,300 acres in aerial extent. The operator of the field is Empresa Colombiana de Petroleos S.A who has a shared interest of 50% with Parex Resources.

Operators:

Empresa Colombiana de Petroleos S.A.: Operator with 50% interest

Parex Resources: 50% interest


Contractors:


Subcontractors: